Real Estate in Tierra del Fuego as an opportunity to make duty free investments.
The province of Tierra del Fuego is pronounced jurisdictionally by a a law which promotes industrialization. Under number 19640, the law establishes an industrial endorsement system by which this special customs area is exempted from paying any whatsoever national tax or duty for importing or exporting activities within the province boundaries.
The promotion falls on any economic activity and goods located or else whish is generated within the province. For instance, property ownership and letting is not taxed with VAT (value added tax), profits, Tax on Transfer of Assets, tax on Personal Propertyor any other tax that is encumbered.
This promotion serves the purposes of all those, individuals or firms, who possess any type of property within the limits of the province, though their residence is set in any other part of the country.